15 Oct 2014 07:00
15 October 2014 AIM: AMA
Amara Mining plc("Amara" or "the Company")
FURTHER ENCOURAGING DRILLING RESULTS FROM YAOURE GOLD PROJECT INCLUDING 22M AT 4.0G/T
Amara Mining plc, the AIM-listed West African-focused gold mining company, is pleased to announce further encouraging results from its 2014 drilling programme at its Yaoure Gold Project ("Yaoure") in Côte d'Ivoire. The drilling campaign continues to confirm high grade mineralisation throughout the deposit.
HIGHLIGHTS:
· Latest 30 diamond drill ("DD") results from the Yaoure Central zone continue to demonstrate high grade areas, with significant intercepts including:
o 12m at 3.78g/t from 145m in hole YDD0305
o 4m at 7.84g/t from 48m in hole YDD0307
o 6m at 6.26g/t from 168m in hole YDD0317
o 13m at 3.46g/t from 47m in hole YDD0335
o 5m at 9.06g/t from 172m in hole YDD0335
· Latest 5 DD and 4 reverse circulation ("RC") results from the CMA zone show further continuity of the high grade mineralisation, with significant intercepts including:
o 22m at 3.99g/t from 141m in hole YDD0309
o 4m at 7.05g/t from 144m in hole YDD0333
· 2014 drilling campaign is due to be completed in October, with 79,740 metres drilled to 7 October 2014 out of the total 85,000 metre planned 2014 programme, including 3,000 metres of geotechnical drilling
· Second Mineral Resource update is anticipated in December 2014, which will incorporate all of the results from the 2014 drilling campaign and is expected to upgrade the majority of the Inferred resources within the US$950 per ounce pit design to the Indicated category, from which ore reserves can be determined
· Fully-funded to deliver a Pre-Feasibility Study ("PFS") in Q1 2015
John McGloin, Chairman and Chief Executive Officer of Amara, commented:
"These drilling results continue to enhance our belief in the project, demonstrating continuity and the presence of near surface high grade zones. The strengthening grade seen in the ongoing drilling results and recent resource update, allied with the availability of low-cost hydro-electric power, drive the robust economics demonstrated in the PEA. Intercepts including 22m at 4g/t in the CMA zone reflect the strong continuity of the high grade mineralisation in this area, whilst 13m at 3.5g/t in the Yaoure Central zone shows the availability of high grade pockets within this broad, more moderate grade, zone of mineralisation.
With the 2014 Yaoure drilling programme almost complete, our geological knowledge of the deposit has improved significantly and we remain on track to complete the second Mineral Resource update later in December 2014. The Yaoure project is outperforming my expectations and I fully expect the PFS in Q1 2015 to demonstrate that it is one of the strongest economic, undeveloped gold deposits in West Africa."
Latest drilling results
The 2014 drilling programme at Yaoure is nearing completion, with the latest results continuing to confirm the presence of significant high grade areas within the Yaoure Central zone and the strong continuity of the high grade CMA zone.
The results from the latest 30 DD holes in the Yaoure Central zone are set out in Appendix A and include several strong intercepts as set out below:
Significant intercepts from the Yaoure Central zone
Borehole ID | From (m) | To (m) | Interval (m)1 | Au g/t |
YDD0300 | 377 | 381 | 4 | 5.15 |
YDD0305 | 145 | 157 | 12 | 3.78 |
YDD0307 | 48 | 52 | 4 | 7.84 |
YDD0314 | 308 | 312 | 4 | 5.95 |
YDD0317 | 168 | 174 | 6 | 6.26 |
YDD0319 | 132 | 135 | 3 | 8.7 |
YDD0323 | 47 | 49 | 2 | 10.04 |
YDD0323 | 83 | 85 | 2 | 10.36 |
YDD0323 | 261 | 268 | 7 | 2.86 |
YDD0335 | 27 | 34 | 7 | 3.56 |
YDD0335 | 47 | 60 | 13 | 3.46 |
YDD0335 | 172 | 177 | 5 | 9.06 |
Notes
1. Interval lengths are not true widths. Composite intersections are based on a minimum width of 2m and a cut-off of 0.40 g/t Au. Internal dilution of up to 2.00m at less than 0.40 g/t has been allowed for continuity
The results from the latest 5 DD holes and 4 RC holes in the CMA zone are set out in Appendix B and include several strong intercepts as set out below:
Significant intercepts from the high grade CMA zone
Borehole ID | From (m) | To (m) | Interval (m)1 | Au g/t |
YDD0309 | 141 | 163 | 22 | 3.99 |
YDD0333 | 144 | 148 | 4 | 7.05 |
YRC0727 | 52 | 60 | 8 | 2.9 |
YRC0727 | 145 | 155 | 10 | 2.36 |
Notes
1. Interval lengths are not true widths. Composite intersections are based on a minimum width of 2m and a cut-off of 0.40 g/t Au. Internal dilution of up to 2.00m at less than 0.40 g/t has been allowed for continuity
Background on Yaoure Gold Project
Amara delivered a Preliminary Economic Assessment for Yaoure in Q1 2014. It demonstrated that the project has the potential to be one of the top 10 gold mines in Africa by production and top 50 in the world. With average production of 325,000 ounces per annum over a 12 year mine life and all-in sustaining costs of US$691 per ounce, the headline 8Mtpa scenario delivers an IRR of 32% at a gold price of US$1,250 per ounce and an NPV of US$688 million. Yaoure is one of the few development projects in West Africa that remains resilient at low gold prices, with an IRR of 23% at US$1,100 per ounce. The project is flexible and delivers similarly strong returns over a range of alternative throughput scenarios. The compelling economics are driven by the excellent existing infrastructure in Côte d'Ivoire, with low cost hydro-electric power from the Kossou dam (5km from site) and a dual carriageway to within 40km of site. With almost 80,000 metres of drilling completed to date in 2014, there is expected to be strong exploration upside potential on the current NI 43-101 compliant 6.3 million ounce resource base[i].
For more information please contact:
Amara Mining plc John McGloin, Chairman and Chief Executive Officer Pete Gardner, Finance Director Katharine Sutton, Head of Investor Relations
| +44 (0)20 7398 1420 |
Peel Hunt LLP (Nominated Adviser & Joint Broker) Matthew Armitt Ross Allister
| +44 (0)20 7418 8900 |
GMP Securities Europe LLP (Joint Broker) Richard Greenfield Alex Carse
| +44 (0)20 7647 2800 |
Farm Street Communications (Media Relations) Simon Robinson | +44 (0)7593 340 107
|
About Amara Mining plc
Amara is a gold explorer/developer with assets in West Africa. The Company is focused on unlocking the value in its development projects. At Yaoure in Côte d'Ivoire, this will be done by increasing the confidence in the existing Mineral Resource and economics at the project as the Company progresses it through to Pre-Feasibility Study and Bankable Feasibility Study. At Baomahun, this will be achieved by gaining an improved understanding of the exploration upside potential and underground opportunity. With its experience of bringing new mines into production, Amara aims to further increase its production profile with highly prospective opportunities across both assets.
APPENDIX A - Results from Yaoure Central zone
Borehole ID | Section mN | From (m) | To (m) | Interval (m) | Au (g/t) |
YDD0298 | 7150 | 71.00 | 74.00 | 3 | 0.46 |
YDD0298 | 107.00 | 111.00 | 4 | 0.90 | |
YDD0298 | 215.00 | 217.00 | 2 | 1.02 | |
YDD0298 | 220.00 | 224.00 | 4 | 3.37 | |
YDD0298 | 239.00 | 241.00 | 2 | 1.37 | |
YDD0298 | 244.00 | 246.00 | 2 | 2.81 | |
YDD0300 | 7200 | 3.00 | 5.00 | 2 | 0.54 |
YDD0300 | 32.00 | 34.00 | 2 | 1.46 | |
YDD0300 | 116.00 | 121.00 | 5 | 2.20 | |
YDD0300 | 124.00 | 126.00 | 2 | 7.63 | |
YDD0300 | 216.00 | 218.00 | 2 | 3.10 | |
YDD0300 | 227.00 | 233.00 | 6 | 1.45 | |
YDD0300 | 237.00 | 240.00 | 3 | 0.46 | |
YDD0300 | 248.00 | 255.00 | 7 | 0.86 | |
YDD0300 | 261.00 | 263.00 | 2 | 1.36 | |
YDD0300 | 353.00 | 357.00 | 4 | 1.36 | |
YDD0300 | 377.00 | 381.00 | 4 | 5.15 | |
YDD0302 | 6700 | 0.00 | 2.00 | 2 | 3.17 |
YDD0302 | 168.00 | 172.00 | 4 | 0.78 | |
YDD0302 | 179.00 | 185.00 | 6 | 0.97 | |
YDD0302 | 188.00 | 201.00 | 13 | 0.98 | |
YDD0302 | 204.00 | 209.00 | 5 | 0.57 | |
YDD0302 | 213.00 | 215.00 | 2 | 2.61 | |
YDD0303 | 7050 | 31.00 | 35.00 | 4 | 3.47 |
YDD0303 | 43.00 | 45.00 | 2 | 1.49 | |
YDD0303 | 50.00 | 58.00 | 8 | 0.62 | |
YDD0303 | 63.00 | 75.00 | 12 | 0.89 | |
YDD0303 | 94.00 | 97.00 | 3 | 1.14 | |
YDD0303 | 196.00 | 202.00 | 6 | 1.09 | |
YDD0303 | 219.00 | 221.00 | 2 | 1.75 | |
YDD0304 | 6950 | 5.00 | 11.00 | 6 | 1.79 |
YDD0304 | 59.00 | 61.00 | 2 | 1.53 | |
YDD0304 | 88.00 | 95.00 | 7 | 0.62 | |
YDD0304 | 160.00 | 163.00 | 3 | 2.23 | |
YDD0304 | 167.00 | 169.00 | 2 | 0.56 | |
YDD0304 | 172.00 | 174.00 | 2 | 4.17 | |
YDD0304 | 198.00 | 200.00 | 2 | 2.62 | |
YDD0304 | 263.00 | 271.00 | 8 | 1.11 | |
YDD0305 | 7450 | 78.00 | 83.00 | 5 | 0.86 |
YDD0305 | 104.00 | 108.00 | 4 | 0.88 | |
YDD0305 | 138.00 | 141.00 | 3 | 3.63 | |
YDD0305 | 145.00 | 157.00 | 12 | 3.78 | |
YDD0305 | 163.00 | 170.00 | 7 | 0.56 | |
YDD0305 | 175.00 | 190.00 | 15 | 0.50 | |
YDD0305 | 195.00 | 208.00 | 13 | 1.30 | |
YDD0305 | 261.00 | 263.00 | 2 | 2.80 | |
YDD0307 | 6900 | 17.00 | 19.00 | 2 | 5.95 |
YDD0307 | 48.00 | 52.00 | 4 | 7.84 | |
YDD0307 | 139.00 | 141.00 | 2 | 2.36 | |
YDD0307 | 145.00 | 147.00 | 2 | 1.38 | |
YDD0307 | 190.00 | 195.00 | 5 | 0.55 | |
YDD0307 | 207.00 | 212.00 | 5 | 1.47 | |
YDD0308 | 7250 | 112.00 | 114.00 | 2 | 3.41 |
YDD0308 | 211.00 | 213.00 | 2 | 2.59 | |
YDD0308 | 261.00 | 263.00 | 2 | 0.53 | |
YDD0310 | 7150 | 3.00 | 7.00 | 4 | 0.66 |
YDD0310 | 201.00 | 205.00 | 4 | 0.63 | |
YDD0310 | 210.00 | 214.00 | 4 | 1.30 | |
YDD0310 | 247.00 | 257.00 | 10 | 0.44 | |
YDD0310 | 265.00 | 274.00 | 9 | 1.84 | |
YDD0310 | 293.00 | 299.00 | 6 | 0.58 | |
YDD0310 | 306.00 | 314.00 | 8 | 1.34 | |
YDD0311 | 6950 | 2.00 | 6.00 | 4 | 0.55 |
YDD0311 | 134.00 | 136.00 | 2 | 0.94 | |
YDD0311 | 155.00 | 160.00 | 5 | 1.00 | |
YDD0311 | 178.00 | 181.00 | 3 | 0.41 | |
YDD0311 | 343.00 | 349.60 | 6.6 | 1.21 | |
YDD0312 | 6850 | 36.00 | 43.00 | 7 | 1.71 |
YDD0312 | 83.00 | 85.00 | 2 | 2.12 | |
YDD0312 | 154.00 | 162.00 | 8 | 1.23 | |
YDD0313 | 7450 | 0.00 | 2.00 | 2 | 0.84 |
YDD0313 | 60.00 | 64.00 | 4 | 1.44 | |
YDD0313 | 210.00 | 213.00 | 3 | 1.06 | |
YDD0313 | 296.00 | 298.00 | 2 | 0.63 | |
YDD0314 | 7200 | 25.00 | 28.00 | 3 | 1.63 |
YDD0314 | 39.00 | 45.00 | 6 | 0.45 | |
YDD0314 | 50.00 | 52.00 | 2 | 1.47 | |
YDD0314 | 155.00 | 157.00 | 2 | 6.58 | |
YDD0314 | 187.00 | 190.00 | 3 | 0.53 | |
YDD0314 | 195.00 | 198.00 | 3 | 0.87 | |
YDD0314 | 261.00 | 263.00 | 2 | 2.45 | |
YDD0314 | 308.00 | 312.00 | 4 | 5.95 | |
YDD0315 | 6900 | 45.00 | 53.00 | 8 | 0.71 |
YDD0315 | 73.00 | 77.00 | 4 | 3.40 | |
YDD0315 | 213.00 | 215.00 | 2 | 1.44 | |
YDD0315 | 250.00 | 252.00 | 2 | 0.46 | |
YDD0315 | 271.00 | 274.00 | 3 | 1.21 | |
YDD0315 | 286.00 | 289.00 | 3 | 0.63 | |
YDD0315 | 300.00 | 319.00 | 19 | 1.13 | |
YDD0315 | 340.00 | 342.00 | 2 | 1.14 | |
YDD0315 | 371.00 | 373.00 | 2 | 12.05 | |
YDD0316 | 6400 | 10.00 | 12.00 | 2 | 0.56 |
YDD0316 | 130.00 | 132.00 | 2 | 0.49 | |
YDD0317 | 6700 | 26.00 | 28.00 | 2 | 2.22 |
YDD0317 | 168.00 | 174.00 | 6 | 6.26 | |
YDD0317 | 187.00 | 195.00 | 8 | 0.58 | |
YDD0317 | 199.00 | 201.00 | 2 | 1.19 | |
YDD0317 | 207.00 | 209.00 | 2 | 2.43 | |
YDD0317 | 280.00 | 290.00 | 10 | 0.75 | |
YDD0318 | 7100 | 54.00 | 58.00 | 4 | 0.40 |
YDD0318 | 107.00 | 109.00 | 2 | 0.46 | |
YDD0318 | 137.00 | 142.00 | 5 | 2.02 | |
YDD0318 | 257.00 | 267.00 | 10 | 0.67 | |
YDD0318 | 272.00 | 289.80 | 17.8 | 1.60 | |
YDD0319 | 6850 | 0.00 | 2.00 | 2 | 0.73 |
YDD0319 | 5.00 | 8.00 | 3 | 0.51 | |
YDD0319 | 104.00 | 106.00 | 2 | 1.40 | |
YDD0319 | 109.00 | 111.00 | 2 | 1.02 | |
YDD0319 | 132.00 | 135.00 | 3 | 8.70 | |
YDD0319 | 250.00 | 259.00 | 9 | 1.01 | |
YDD0320 | 7150 | 8.00 | 10.00 | 2 | 1.23 |
YDD0320 | 46.00 | 55.00 | 9 | 1.95 | |
YDD0320 | 58.00 | 64.00 | 6 | 0.65 | |
YDD0320 | 123.00 | 126.00 | 3 | 0.82 | |
YDD0320 | 134.00 | 136.00 | 2 | 0.55 | |
YDD0322 | 6800 | 120.00 | 127.00 | 7 | 0.87 |
YDD0322 | 156.00 | 158.00 | 2 | 0.97 | |
YDD0322 | 203.00 | 205.00 | 2 | 1.06 | |
YDD0322 | 221.00 | 223.00 | 2 | 1.41 | |
YDD0322 | 254.00 | 256.00 | 2 | 0.41 | |
YDD0322 | 265.00 | 275.00 | 10 | 1.22 | |
YDD0322 | 278.00 | 286.00 | 8 | 0.57 | |
YDD0323 | 6750 | 11.00 | 14.00 | 3 | 1.20 |
YDD0323 | 47.00 | 49.00 | 2 | 10.04 | |
YDD0323 | 63.00 | 66.00 | 3 | 2.24 | |
YDD0323 | 83.00 | 85.00 | 2 | 10.36 | |
YDD0323 | 115.00 | 117.00 | 2 | 1.42 | |
YDD0323 | 156.00 | 162.00 | 6 | 2.63 | |
YDD0323 | 182.00 | 184.00 | 2 | 1.85 | |
YDD0323 | 261.00 | 268.00 | 7 | 2.86 | |
YDD0324 | 6700 | 43.00 | 45.00 | 2 | 0.72 |
YDD0324 | 138.00 | 144.00 | 6 | 0.89 | |
YDD0324 | 162.00 | 164.00 | 2 | 1.36 | |
YDD0326 | 7000 | 146.00 | 148.00 | 2 | 0.53 |
YDD0326 | 175.00 | 181.00 | 6 | 2.08 | |
YDD0326 | 210.00 | 215.00 | 5 | 2.23 | |
YDD0326 | 265.00 | 268.00 | 3 | 2.48 | |
YDD0326 | 271.00 | 273.00 | 2 | 0.93 | |
YDD0326 | 291.00 | 293.00 | 2 | 2.52 | |
YDD0327 | 6750 | 7.00 | 9.00 | 2 | 0.55 |
YDD0327 | 47.00 | 50.00 | 3 | 0.85 | |
YDD0327 | 117.00 | 121.00 | 4 | 1.97 | |
YDD0327 | 128.00 | 131.00 | 3 | 0.43 | |
YDD0328 | 7150 | 14.00 | 20.00 | 6 | 1.95 |
YDD0328 | 51.00 | 54.00 | 3 | 1.05 | |
YDD0328 | 70.00 | 72.00 | 2 | 0.53 | |
YDD0328 | 108.00 | 112.00 | 4 | 1.33 | |
YDD0328 | 124.00 | 138.00 | 14 | 0.51 | |
YDD0328 | 153.00 | 155.00 | 2 | 0.49 | |
YDD0328 | 162.00 | 167.00 | 5 | 0.47 | |
YDD0328 | 179.00 | 184.00 | 5 | 1.05 | |
YDD0328 | 189.00 | 191.00 | 2 | 0.42 | |
YDD0328 | 201.00 | 204.00 | 3 | 0.60 | |
YDD0328 | 215.00 | 220.00 | 5 | 0.80 | |
YDD0328 | 227.00 | 249.00 | 22 | 0.85 | |
YDD0328 | 265.00 | 268.00 | 3 | 1.54 | |
YDD0328 | 297.00 | 302.00 | 5 | 0.83 | |
YDD0328 | 312.00 | 318.00 | 6 | 0.64 | |
YDD0328 | 344.00 | 347.00 | 3 | 0.55 | |
YDD0328 | 381.00 | 385.00 | 4 | 0.64 | |
YDD0328 | 391.00 | 398.00 | 7 | 1.47 | |
YDD0328 | 416.00 | 433.00 | 17 | 2.26 | |
YDD0328 | 445.00 | 453.00 | 8 | 1.04 | |
YDD0328 | 461.00 | 463.00 | 2 | 21.93 | |
YDD0328 | 467.00 | 471.00 | 4 | 1.43 | |
YDD0329 | 6950 | 5.00 | 7.00 | 2 | 0.41 |
YDD0329 | 20.00 | 28.00 | 8 | 1.36 | |
YDD0329 | 86.00 | 89.00 | 3 | 0.44 | |
YDD0329 | 114.00 | 116.00 | 2 | 0.58 | |
YDD0329 | 120.00 | 128.00 | 8 | 1.46 | |
YDD0330 | 6750 | 27.00 | 32.00 | 5 | 0.85 |
YDD0330 | 58.00 | 64.00 | 6 | 0.46 | |
YDD0330 | 146.00 | 151.00 | 5 | 1.28 | |
YDD0330 | 165.00 | 175.00 | 10 | 0.64 | |
YDD0330 | 181.00 | 184.00 | 3 | 0.78 | |
YDD0330 | 191.00 | 197.00 | 6 | 0.65 | |
YDD0330 | 202.00 | 212.00 | 10 | 1.53 | |
YDD0330 | 217.00 | 222.00 | 5 | 0.43 | |
YDD0330 | 229.00 | 234.00 | 5 | 0.46 | |
YDD0330 | 256.00 | 265.00 | 9 | 1.60 | |
YDD0331 | 6850 | 82.00 | 85.00 | 3 | 0.81 |
YDD0331 | 88.00 | 92.00 | 4 | 0.54 | |
YDD0331 | 188.00 | 190.00 | 2 | 2.37 | |
YDD0331 | 270.00 | 275.00 | 5 | 1.83 | |
YDD0332 | 6900 | 57.00 | 61.00 | 4 | 0.51 |
YDD0332 | 76.00 | 81.00 | 5 | 0.64 | |
YDD0332 | 92.00 | 97.00 | 5 | 1.25 | |
YDD0332 | 109.00 | 111.00 | 2 | 0.60 | |
YDD0332 | 149.00 | 151.00 | 2 | 0.46 | |
YDD0332 | 164.00 | 170.00 | 6 | 2.20 | |
YDD0332 | 266.00 | 273.00 | 7 | 0.80 | |
YDD0332 | 276.00 | 286.00 | 10 | 0.57 | |
YDD0332 | 353.00 | 355.00 | 2 | 1.59 | |
YDD0335 | 6950 | 27.00 | 34.00 | 7 | 3.56 |
YDD0335 | 47.00 | 60.00 | 13 | 3.46 | |
YDD0335 | 65.00 | 68.00 | 3 | 1.11 | |
YDD0335 | 132.00 | 134.00 | 2 | 1.81 | |
YDD0335 | 161.00 | 168.00 | 7 | 2.05 | |
YDD0335 | 172.00 | 177.00 | 5 | 9.06 |
Notes
1. Interval lengths are not true widths. Composite intersections are based on a minimum width of 2m and a cut-off of 0.40 g/t Au. Internal dilution of up to 2.00m at less than 0.40
APPENDIX B - Results from CMA zone
Borehole ID | Section mN | From (m) | To (m) | Interval (m) | Au (g/t) |
YDD0309 | 7100 | 121.00 | 124.00 | 3 | 5.58 |
YDD0309 | 141.00 | 163.00 | 22 | 3.99 | |
YDD0309 | 167.00 | 169.00 | 2 | 0.60 | |
YDD0309 | 178.00 | 182.00 | 4 | 1.15 | |
YDD0321 | 7100 | 15.00 | 18.00 | 3 | 0.46 |
YDD0321 | 30.00 | 37.00 | 7 | 1.04 | |
YDD0321 | 50.00 | 63.00 | 13 | 0.77 | |
YDD0321 | 72.00 | 75.00 | 3 | 0.54 | |
YDD0325 | 6650 | 16.00 | 18.00 | 2 | 0.59 |
YDD0325 | 75.00 | 83.00 | 8 | 1.16 | |
YDD0333 | 7000 | 45.00 | 48.00 | 3 | 0.50 |
YDD0333 | 144.00 | 148.00 | 4 | 7.05 | |
YDD0333 | 158.00 | 163.00 | 5 | 1.34 | |
YDD0334 | 6750 | 24.00 | 26.00 | 2 | 0.71 |
YDD0334 | 38.00 | 40.00 | 2 | 0.98 | |
YRC0723 | 7300 | 70.00 | 76.00 | 6 | 1.10 |
YRC0723 | 120.00 | 124.00 | 4 | 1.98 | |
YRC0725 | 7350 | 36.00 | 38.00 | 2 | 2.45 |
YRC0725 | 46.00 | 56.00 | 10 | 1.84 | |
YRC0725 | 64.00 | 66.00 | 2 | 0.41 | |
YRC0725 | 70.00 | 72.00 | 2 | 0.47 | |
YRC0725 | 100.00 | 106.00 | 6 | 2.05 | |
YRC0726 | 7400 | 6.00 | 18.00 | 12 | 1.13 |
YRC0726 | 52.00 | 54.00 | 2 | 0.46 | |
YRC0726 | 58.00 | 60.00 | 2 | 0.48 | |
YRC0726 | 84.00 | 88.00 | 4 | 0.43 | |
YRC0726 | 113.00 | 116.00 | 3 | 5.51 | |
YRC0726 | 119.00 | 125.00 | 6 | 0.41 | |
YRC0726 | 128.00 | 130.00 | 2 | 0.45 | |
YRC0727 | 7400 | 0.00 | 8.00 | 8 | 0.93 |
YRC0727 | 52.00 | 60.00 | 8 | 2.9 | |
YRC0727 | 145.00 | 155.00 | 10 | 2.36 |
Notes
1. Interval lengths are not true widths. Composite intersections are based on a minimum width of 2m and a cut-off of 0.40 g/t Au. Internal dilution of up to 2.00m at less than 0.40
Peter Brown is a "Qualified Person" within the definition of National Instrument 43-101 and has reviewed and approved the information contained within this announcement. Dr Brown (MIMMM) is the Group Exploration Manager.
The RC and DD drilling programmes at Yaoure are being undertaken by an independent drilling contractor. Typically samples for assaying were taken at one metre intervals. Sample preparation was carried out at the Company's facility at Yaoure, prior to fire assay at Actlabs in Ouagadougou, Burkina Faso. The samples were crushed down to minus 2mm and then pulverised down to 90% passing 75 microns, prior to analysis for gold by 50g fire assay. As part of the Company's QA/QC procedures, internationally recognised standards, duplicates and blanks were inserted. Check assays are being carried out at ALS Geochemistry in Johannesburg, South Africa. The laboratories used are independent of the Company.
[i] Effective date of Yaoure's Mineral Resource estimate is 29 September 2014